2018 March 27 : AsiaNet-Pakistan

Archive for March 27th, 2018

Uber launches the affordable uberMOTO

March 27, 2018 |

Karachi, March 27, 2018 (PPI-OT): Uber, the global smartphone app that seamlessly connects riders to drivers, announces the launch of…

Read More

19th International Textile Asia Exhibition inaugurated

March 27, 2018 | General Business News

Karachi, March 27, 2018 (PPI-OT): The 19th International Textile Asia Exhibition has been inaugurated on Tuesday. Over 450 companies are…

Read More

National Bank of Pakistan opens Facilitation Desk for its retired employees

March 27, 2018 | General Business News

Karachi, March 27, 2018 (PPI-OT): Pensioners’ facilitation desk is one-window-solution and caters to Pensions, Provident Fund, Group Insurance, Benevolent Fund…

Read More

Board of directors meeting of Pakistan Reinsurance Company Limited

March 27, 2018 | Board Meetings

Karachi, Pakistan Reinsurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April05, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from March 30, 2018 to April05, 2018. Pakistan Reinsurance Company Limited was formerly referred to as Pakistan Insurance Corporation established in 1952 under PIC Act, 1952 for supporting the local insurance company. On March 30, 2000 the company was incorporated as a public limited company under the Companies Ordinance, 1984. The company ensures the development of insurance and reinsurance business in Pakistan. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The company operates in the public sector under the administrative control of the Ministry of Commerce. The functions of the company include providing insurance solutions to departments including aviation, marine cargo, marine hull, engineering, fire and accident. The company also provides reinsurance protection to the local insurance industry in view of treaty and facultative business as well as managing insurance schemes assigned by the Federal Government of Pakistan. The insurance market holds 18% of the share whereas 45% of the share is covered by the reinsurance protection in Pakistan. The symbol “PAKRI” is being used by the stock exchange for the shares of Pakistan Reinsurance Company Limited.

Read More

Board of directors meeting of Asia Insurance Company Limited

March 27, 2018 | Board Meetings

Karachi, Asia Insurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April03, 2018 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from March 27, 2018 to April03, 2018. Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980. The company is a composite insurance company which has been authorized by the department of insurance to transact all classes of general insurance business like fire and allied perils, marine cargo, motor, personal /travel personal accident, burglary, student insurance cash in transit and safe, fidelity, machinery breakdown, contractor all risk, erection all risk, custom bond, bid bond and mobilization advance bond, etc. The company has a vast network of branches in all the major cities of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “ASIC” is being used by the stock exchanges for the shares of Asia Insurance Company Limited.

Read More

Board of directors meeting of Fauji Fertilizer Company Limited

March 27, 2018 | Board Meetings

Karachi, Fauji Fertilizer Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April03, 2018 at Rawalpindi to discuss the progress of ongoing investment projects. Further, the company has declared the closed period from March 28, 2018 to April03, 2018. Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there. Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited. The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.

Read More

KCCI criticizes government’s move to limit Sindh Food Authority to Karachi only

March 27, 2018 | General Business News

Karachi, March 27, 2018 (PPI-OT): President of the Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik, while criticizing…

Read More

ICCI calls for cut in high tax rates in next budget to improve tax revenue

March 27, 2018 | General Business News

Islamabad, March 27, 2018 (PPI-OT): Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the high…

Read More

OPPO and Dolby Laboratories Announce Global Strategic Intellectual Property Partnership

March 27, 2018 | General Business News

Karachi, March 27, 2018 (PPI-OT): Dolby Laboratories, a world-leading expert and developer of audio, imaging and voice technologies, announced that…

Read More

The Mary McBride Band enthralls Karachiites

March 27, 2018 | General, Official News

Karachi, March 27, 2018 (PPI-OT): The Mary McBride Band enthralled music lovers with a pleasant medley of American favourites here at the Pakistan American Cultural Centre (PACC) Karachi on March 26. Mary McBride and her band are visiting Karachi for…

Read More

Japan extends Grant Aid worth 2,892 Million Yen for Two Projects, “the Economic and SocialDevelopment Programme”, and “the Project for Improvement of Airport Security (Phase 2)”

March 27, 2018 | Embassies, Official News

Islamabad, March 27, 2018 (PPI-OT): The Government of Japan has agreed to extend grant assistance to the Government of Pakistan, namely “the Economic and Social Development Programme”, worth 500 million Japanese Yen (approximately 4.7 million US dollar), and “the Project…

Read More

ICCI calls for cut in high tax rates in next budget to improve tax revenue

Islamabad, March 27, 2018 (PPI-OT): Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the high tax rates in Pakistan were major cause of promoting tax evasion in the country and emphasized that in the forthcoming…

Read More